AGF Management Limited said oil prices are likely to remain volatile as the U.S./Israel conflict with Iran escalates, with the risk of major price spikes tied to whether Middle East energy infrastructure and key shipping routes are hit. The firm noted that strikes have largely avoided energy assets so far, but recent attacks on logistics hubs and warnings affecting traffic through the Strait of Hormuz have raised disruption concerns. AGF said a prolonged shutdown of Hormuz is unlikely, though it warned oil could rise above US$100 a barrel if Iran targets energy infrastructure and shipping, potentially prompting a U.S.-Israel naval response to secure transit and attacks on Iranian refineries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AGF Management Limited published the original content used to generate this news brief on March 04, 2026, and is solely responsible for the information contained therein.
